An SEC warning about SPAC accounting errors has not only chilled the red-hot market but triggered the first of what could be a flood of financial restatements by the popular blank-check companies.
OTR Acquisition Corp. (OTRAU) Prices Downsized $100M IPO
OTR Acquisition Corp. announced the pricing of its downsized $100 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “OTRAU” today, Tuesday, November 17.